Dr. J. de Filette: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Dr. J. de Filette
Largest movements
- Receivables after one year -€122,000
no longer reported in 2025 (was €122,000)
- Cash -€2,592
down €2,592 (-6.6%), from €39,328 to €36,736
mainly Contributions, distributions and other (-€289,000) and Investment in fixed assets (net) (-€4,867)
- Deferred charges and accrued income +€2,229
up €2,229 (+249%), from €896 to €3,125
- Reserves -€166,446
no longer reported in 2025 (was €166,446)
- Other debts +€66,845
new in 2025: €66,845
- Profit (loss) carried forward -€23,468
new in 2025: -€23,468
- Gross operating margin +€44,379
up €44,379 (+50.0%), from €88,775 to €133,154
- Taxes +€10,185
up €10,185 (+56.6%), from €17,982 to €28,167
- Financial income -€1,474
down €1,474 (-93.4%), from €1,579 to €105
From the 31-12-2024 result to the 31-12-2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,626 | €48,686 | -€121,940 | -71.5% |
| Fixed assets | 21/28 | €4,856 | €5,904 | +€1,048 | +21.6% |
| Tangible fixed assets | 22/27 | €4,856 | €5,904 | +€1,048 | +21.6% |
| Furniture and vehicles | 24 | €4,856 | €5,904 | +€1,048 | +21.6% |
| Current assets | 29/58 | €165,770 | €42,782 | -€122,988 | -74.2% |
| Amounts receivable after more than one year | 29 | €122,000 | - | -€122,000 | |
| Other amounts receivable | 291 | €122,000 | - | -€122,000 | |
| Amounts receivable within one year | 40/41 | €3,546 | €2,921 | -€626 | -17.6% |
| Trade receivables | 40 | €890 | - | -€890 | |
| Other amounts receivable | 41 | €2,656 | €2,921 | +€264 | +9.9% |
| Cash at bank and in hand | 54/58 | €39,328 | €36,736 | -€2,592 | -6.6% |
| Deferred charges and accrued income | 490/1 | €896 | €3,125 | +€2,229 | +249% |
| Total equity and liabilities | 10/49 | €170,626 | €48,686 | -€121,940 | -71.5% |
| Equity | 10/15 | €169,946 | -€19,968 | -€189,914 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €166,446 | - | -€166,446 | |
| Distributable reserves | 133 | €166,446 | - | -€166,446 | |
| Profit (loss) carried forward | 14 | - | -€23,468 | -€23,468 | |
| Amounts payable | 17/49 | €680 | €68,654 | +€67,974 | +9,999% |
| Amounts payable within one year | 42/48 | €680 | €68,654 | +€67,974 | +9,999% |
| Trade debts | 44 | €157 | €1,329 | +€1,172 | +748% |
| Suppliers | 440/4 | €157 | €1,329 | +€1,172 | +748% |
| Taxes, remuneration and social security | 45 | €523 | €481 | -€42 | -8.1% |
| Taxes | 450/3 | €523 | €481 | -€42 | -8.1% |
| Other amounts payable | 47/48 | - | €66,845 | +€66,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,681 | €3,819 | +€1,138 | +42.4% |
| Other operating charges | 640/8 | €989 | €1,530 | +€541 | +54.7% |
| Gross operating margin | 9900 | €88,775 | €133,154 | +€44,379 | +50.0% |
| Operating profit (loss) | 9901 | €85,104 | €127,805 | +€42,701 | +50.2% |
| Financial income | 75/76B | €1,579 | €105 | -€1,474 | -93.4% |
| Recurring financial income | 75 | €1,579 | €105 | -€1,474 | -93.4% |
| Financial charges | 65/66B | €78 | €657 | +€578 | +738% |
| Recurring financial charges | 65 | €78 | €657 | +€578 | +738% |
| Profit (loss) for the period before taxes | 9903 | €86,604 | €127,253 | +€40,649 | +46.9% |
| Income taxes | 67/77 | €17,982 | €28,167 | +€10,185 | +56.6% |
| Profit (loss) for the period | 9904 | €68,622 | €99,086 | +€30,464 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,622 | €99,086 | +€30,464 | +44.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.